Alt Energy Development

[ Excerpt from SB INDEPENDENT, September 28, 2006: ]

Nobel Prize-winning physicist Walter Kohn joined Mayor Marty Blum, Councilmember Das Williams, the Community Environmental Council, and the Sierra Club in endorsing Proposition 87, the statewide ballot initiative that would raise $4 billion for alternative energy development over the next 10 years by raising taxes on oil companies. The oil industry has spent about $40 billion trying to defeat the measure, arguing it would increase gas prices, discourage domestic production, and heighten America’s dependence on foreign oil – which would apply only to oil produced in California – Williams countered the tax which would have little impact on prices because so much of the oil used to make gasoline comes from elsewhere. “But if we can reduce gasoline consumption in the seventh largest economy in the world by 25 percent … that would help push gas prices down,” he said.

Some resources:

http://yesoncleanenergy
ca.gov/elections